jangseohee

Zero Sum mathematics

INDEX:DXY   U.S. Dollar Index
162 1 2
Yes, Dollar index             "Seems" to be strengthening... but wait a second first
A closer look from the past, dollar index             has engaged in a descending triangle/wedge since hitting the untouchable peak at 165.
In actual fact, dollar index             is weakening overall somehow because the rest of its corresponding currency pair (the other 6 majors-EUR, GBP, JPY, CAD, CHF & SEK             ) are much more fragile thereby making $DXY             "apparently" getting stronger.
Blue line EUR/USD             is the opposite mirror image of how US Dollar Index             behave.
I reckon someway around 90 dollar or 200sma (highlighted green area), thats the reality of how rubber will meet the road!!
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